Bank Of Baku

Azerbaijan sees 5.4% rise in insurance market

Azerbaijan sees 5.4% rise in insurance market
# 18 November 2014 08:41 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In January-October, 2014, Azerbaijan-based insurers collected AZN 356 mln insurance premium, up 5.4% or AZN 18.3 mln from previous year, said the chairman of Azerbaijan Insurers Association Orkhan Bayramov. 

 

Insurance payments during the same period made AZN 131.4 mln, up 32.8% or AZN 32.4 mln.

 

AZN 36.9 was paid for per AZN 100 insurance premiums. This was AZN 29.3 in 2013.

 

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